Vietnam’s solar policy update highlights growing role of energy storage. (Photo: iStock) Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems.
Conditions for systems with storage include a minimum storage capacity of 10% of the solar plant’s installed capacity, a charge/discharge time of 2 hours, and at least 5% of total generation used for charging the storage system. Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low.
Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low. In January 2023, the top rate was NT$1.49/kWh for ground-mounted solar and NT$1.89/kWh for floating solar, with no regional or storage-based distinctions.
Vietnam Briefing looks at the opportunities and how Vietnam’s solar panel manufacturing is likely to benefit in the long term. On June 6, 2022, the US announced a tariff exemption for solar panels from Vietnam along with Cambodia, Malaysia, and Thailand for up to 24 months to meet the skyrocketing solar energy demand in the US.
Our standardized solar power and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, …
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Latest developments in solar power technology, energy storage advancements, photovoltaic products, and industry insights from our team of renewable energy experts.
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